RPP Infra Projects Secures ₹662 Crore Contract from IPRCL

RPP Infra Projects Ltd has announced the receipt of a Letter of Acceptance (LoA) from Indian Port Rail & Ropeway Corporation Limited (IPRCL). The LoA pertains to a contract for the detailed engineering, procurement, and construction of a roofing shed for railway lines at the New Mangalore Port Authority. The total value of the contract is ₹66,25,85,000, and the project is expected to be completed within six months from the date of commencement.

The financial terms of the contract specify a total contract value of ₹66,25,85,000. Additionally, RPP Infra Projects is required to furnish a Performance Security equivalent to 5% of the accepted contract amount, which amounts to ₹3,31,29,250. This security must be submitted within 28 days from the issuance of the LoA. The payment schedule is structured in stages, with initial payments for the completion of detailed engineering works and subsequent payments tied to specific construction milestones.

The scope of work under this contract includes the detailed engineering, procurement, and construction of a roofing shed over railway lines in the marshalling yard at New Mangalore Port Authority. The project involves multiple phases, including foundation work, platform construction, erection of structural members, roofing, and completion of drainage, rainwater, electrical, and allied works. The completion of each phase triggers specific payment percentages as outlined in the contract.

The timeline for the project mandates that the date of commencement should be within seven days from the issuance of the LoA. The entire project is to be completed within six months from the commencement date. RPP Infra Projects is also required to submit an execution program, works planning, and a detailed schedule within seven days of receiving the LoA. The contract agreement must be signed and returned within 28 days after the issue of the LoA.

Indian Port Rail & Ropeway Corporation Limited is a government enterprise under the Ministry of Ports, Shipping & Waterways. It focuses on developing port and rail infrastructure to enhance connectivity and efficiency in the maritime sector. The collaboration with RPP Infra Projects is part of its ongoing efforts to improve infrastructure at key ports in India.

RPP Infra Projects Ltd is engaged in the construction and infrastructure sector, focusing on projects across India. The company specializes in civil construction, including roads, bridges, and industrial structures. This contract with IPRCL aligns with its strategic focus on expanding its portfolio in the infrastructure domain.